Investors' Soapbox PM

Still Into on Intel

MKM says the chip giant has a long-term ability to monetize its tech.

December 21, 2012

MKM Partners

The PHLX Semiconductor Index has continued its recovery from mid-November lows (at the bottom of its one-year trading range) on increased investor confidence that fundamentals will continue to improve and market strategist calls to add exposure to cyclical sectors in anticipation of a strengthening economy.

We agree that the first quarter is likely to mark a fundamental bottom, but for a large swath of the group...